GET A QUOTE WITH THE TOP INSURANCE AGENCY
CLICK HERE
FIND THE BEST PLAN FOR YOU WITH THE #1 HEALTH INSURANCE AGENCY IN NEW JERSEY

covid stimulus

Trump Signs COVID Relief Package

The White House said Sunday night that President Trump signed legislation for $900 billion in coronavirus economic aid and $1.4 trillion in government spending, providing support for millions of Americans and averting a government shutdown.

“I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more,” President Trump said in a statement.

President Trump added that he will be sending back a “redlined” version of the bill to address what he considers unnecessary funding. Additionally, he said the House will vote Monday on providing $2,000 relief checks to adults and $600 for children. The Senate will “start the process for a vote that increases checks to $2,000,” he said.

It’s unclear what will happen to this version of the bill, since it would have to pass both houses of Congress, and Republicans in the Senate have blocked extra payments in the past.

Congress passed the package on December 21. But in a surprise video posted to Twitter last week, Trump blasted the package, calling for larger stimulus payments and other changes.

“I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 dollars for a couple,” Mr. Trump said in the video. “I’m also asking Congress to immediately get rid of the wasteful and unnecessary items from this legislation and to send me a suitable bill or else the next administration will have to deliver a COVID relief package.”

The economic package not only provides $600 in direct payments for adults making up to $75,000 per year and per child – it also includes $284.45 billion in lending for small businesses, $25 billion in direct rental assistance, $82 billion for education funding, $45 billion for public transit systems and $13 billion for increased food stamps and child nutrition benefits. The bill also extends the moratorium on evictions for another month.

Cosmo Insurance Agency is a full-service independent insurance agency based in Hackensack (Bergen County) and Lakewood (Ocean County), New Jersey that offers an all-encompassing range of insurance options for both individuals and businesses. Cosmo keeps its promise to assure an efficient and creative approach to the services we offer. Each of our clients experience a personalized and long-term relationship with us. Our New Jersey based team of health brokers guides our clients in helping them choose the most cost-effective options. By incorporating our knowledge of the insurance guidelines for healthcare, employee benefits, life insurance, self-insurance, dental, disability, and long term care insurance, we keep our clients up-to-date with affordable plans that cover all their specific insurance needs.

CONTACT COSMO NOW
GET A QUOTE NOW
LEARN MORE ABOUT HEALTH INSURANCE

source

2024